SECTION A The accounting period of Grace Stores ends on 30 November each year. Their Trial Balance on 30 November 2022 is given below: Question 1. Prepare the Trading and Profit and Loss Account of Grace Stores for the most recent accounting period. DR CR Capital Drawings Land and Buildings 26 726 4 800 22 000 Equipment (at cost) 6 900 Vehicle (at cost) 9 000 Inventory (30 November 2022) 5 542 Mortgage Loan (15%) 10 000 Short Term Loan (14%) Fixed Deposit (12%) Debtors Control Creditors Control Cash Float Petty Cash Bank Accumulated depreciation: Equipment Vehicles Provision for Bad Debt Sales Cost of Sales Wages and Salaries Consumable Stores Income: Rent Bank Charges 2 000 4 000 1 372 1819 100 50 60 1916 300 1 800 38 500 19 450 9 600 500 133 2 600